AUD/USD Technical Analysis: Downside calling

AUD/USD daily chart

• AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). 

AUD/USD 4-hour chart

• AUD/USD is trading between the 50 and 100 SMAs suggesting a consolidation phase in the medium-term.
• A bear break below 0.7075 can lead to the 0.7050 support.
• Resistances are at 0.7100 figure and 0.7120 level.

Additional key levels